1. UK Financial Services Law
  2. Legislation (UK)
  3. Acts
  4. 1992
Date-stamp loading
  1. Friendly Societies Act 1992 (c. 40)
  2. Part V Regulation of Friendly Societies' Business (ss. 44-67D)
Previous Next

Part V Regulation of Friendly Societies' Business (ss. 44-67D)

Comparing proposed amendment...
Preliminary (ss. 44-45)
Repealed
 44. Appointment of actuary by societies with long term business
Repealed
 45. Valuation of assets and liabilities
Actuarial investigations (ss. 46-47)
Repealed
 46. Annual investigation into condition of certain societies
Repealed
 47. Triennial investigations into condition of certain societies
Margins of solvency (ss. 48-49)
Repealed
 48. Margins of solvency in relation to insurance business of certain societies
Repealed
 49. Failure to maintain prescribed margin of solvency
Adequacy of assets and premiums (ss. 49A-49B)
Repealed
 49A. Adequacy of assets
Repealed
 49B. Adequacy of premiums in respect of long term insurance
Criteria of prudent management (s. 50)
Repealed
 50. The criteria of prudent management
Powers of FCA and PRA (ss. 51-56)
Repealed
 51. Power to forbid acceptance of new members
In force
 52. Applications to court
Repealed
 52A. Prohibition on disposal of assets.
Repealed
 53. Residual power to impose requirements for protection of members
In force
 54. Supervision of activities of subsidiaries etc
In force
 55. Supervision of group insurance business
In force
 55A. Supervision of controllers.
Repealed
 56. Linked long-term insurance contracts
Covering of risks situated in another member State (ss. 57-57A)
Repealed
 57. Recognition of societies in accordance with insurance Directives
Repealed
 57A. Notification by Commission of measures taken by it
Notices, hearings and appeals (s. 58A)
In force
 58A. Notices, hearings and appeals
Appeals (ss. 58-61) [Substituted with new heading Notices, hearings and appeals (s. 58A)]
Deleted
 58. Rights of appeal
Deleted
 59. Determination of appeals
Deleted
 60. Costs, procedure and evidence
Deleted
 61. Further appeals on points of law
Information (ss. 62-64)
In force
 62. Powers to obtain information and documents etc
In force
 62A. Entry of premises under warrant under section 176 of the Financial Services and Markets Act 2000
Deleted
 63. Confidentiality of certain information [Substituted with new s. 63A]
In force
 63A. Disclosure of information
Deleted
 64. Exceptions from restrictions on disclosure [Substituted with new s. 63A]
Inspections etc. (ss. 65-67D)
In force
 65. Investigations on behalf of FCA or PRA
In force
 66. Inspections and special meetings: general
In force
 67. Inspections: supplementary provision
Repealed
 67A. Information for members
Repealed
 67B. Statutory notice
Repealed
 67C. Right to withdraw from transaction
Repealed
 67D. Service of notice of cancellation
Previous Next